138 S Ridgewood Avenue, Daytona Beach, FL 32114
$1,050,000
Property Type:
Commercial Sale
Square Footage:
1,456
Lot Size (sq. ft.):
37,649
Status:
Closed
Current Price:
$1,050,000
List Date:
9/10/2024
Last Modified:
2/25/2025
Description
Greyhound NNN Lease - State of the Art 2022 Construction
Strategically Located in Downtown Daytona Beach, FL
Minimal Landlord Responsibilities - Lease Extension Through 10/20/2029
No Extension Options Available
3.5% Annual Base Rent Increases - 7.75% Cap Rate At Acquisition
1,456 SF Bus Terminal on 0.86 Acres
Greyhound Has Been a Tenant at This Location for Over 20 Years
Just South of New Wawa and International Speeday Blvd
More Information MLS# 1203712
General Property Information
Lot Size Acres: 0.8643
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Just South of International Speedway Blvd on the West Side of US Highway 1
Public Remarks: Greyhound NNN Lease - State of the Art 2022 Construction
Strategically Located in Downtown Daytona Beach, FL
Minimal Landlord Responsibilities - Lease Extension Through 10/20/2029
No Extension Options Available
3.5% Annual Base Rent Increases - 7.75% Cap Rate At Acquisition
1,456 SF Bus Terminal on 0.86 Acres
Greyhound Has Been a Tenant at This Location for Over 20 Years
Just South of New Wawa and International Speeday Blvd
Building Area Total: 1456
List Price/SqFt: 885.99
Sold Price/SqFt: 721.15
Location, Tax, and Legal
Country: US
Parcel Number: 5339-01-20-0020
Tax Annual Amount: 8991
Tax Year: 2023
Tax Legal Description: 39-15-33 LOT 2 EXC W 117.73 FT OF S 50.25 FT & EXC HWY R/W BLK 20 HODGMANS DAYTONA MB 12 PGS 13-15 PER OR 2953 PG 1027 PER OR 8138 PG 0561 PER OR 8353 PG 2073
Lot Features
Other: 1
Parking Features
Other: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
Listing Contract Date: 2024-09-10
Property Sub Type: Business
Location Tax and Legal
Street Number: 138
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32114
MLS Area Major: 34 - Daytona ISB to Mason, E of 95
Status Change Information
Major Change Timestamp: 2025-02-25T15:21:10Z
Major Change Type: Status Change
Purchase Contract Date: 2025-01-07
Close Date: 2025-02-24
Close Price: 1050000
Property Features
Lot Features: Other
Parking Features: Other
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: February - 25 - 2025
Information deemed reliable but not guaranteed.